Why sum formulas better reflect the risk appetite in calculating risk levels

How to determine a risk profile and calculate a level of risk? Introduction This is a significant rewrite and a first time write-up in English of an article I published in Dutch in May of 2009. I'm revisiting it because I had an interesting exchange with my ERM class at Solvay Brussels School last week, … Continue reading Why sum formulas better reflect the risk appetite in calculating risk levels